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Questions and Answers
What is primarily responsible for the borderless nature of digital products?
What is primarily responsible for the borderless nature of digital products?
- Their physical presence in the market
- Their dependency on manual production processes
- Their immaterial essence of 1s and 0s (correct)
- Their reliance on tangible resources
Which factor is NOT highlighted as a benefit of information and communication technology (ICT)?
Which factor is NOT highlighted as a benefit of information and communication technology (ICT)?
- Increasing environmental degradation (correct)
- Enhancing productivity
- Improving living standards
- Reducing poverty
What key contribution of management in the 21st century is emphasized by Drucker?
What key contribution of management in the 21st century is emphasized by Drucker?
- To maintain traditional manufacturing processes
- To increase the productivity of knowledge work (correct)
- To standardize knowledge across all sectors
- To ensure job security for manual workers
What does the term 'creative destruction' refer to in the context of technology?
What does the term 'creative destruction' refer to in the context of technology?
According to Drucker, what pressing task is necessary for today's society regarding knowledge?
According to Drucker, what pressing task is necessary for today's society regarding knowledge?
Which of the following does NOT represent a characteristic of digital products?
Which of the following does NOT represent a characteristic of digital products?
What is indicated as the most pressing challenge in modern knowledge management?
What is indicated as the most pressing challenge in modern knowledge management?
What metaphor is used to describe a frictionless economy?
What metaphor is used to describe a frictionless economy?
What term describes the idea that old technologies can hinder companies' adaptation to new technologies?
What term describes the idea that old technologies can hinder companies' adaptation to new technologies?
Which of the following jobs did not exist a decade ago?
Which of the following jobs did not exist a decade ago?
According to predictions in the past, what was believed to be unlikely to be successful?
According to predictions in the past, what was believed to be unlikely to be successful?
What correctly defines data in the context of business?
What correctly defines data in the context of business?
What process turns data into information?
What process turns data into information?
What is the main function of knowledge in the context of business?
What is the main function of knowledge in the context of business?
Which of the following roles is considered a knowledge worker?
Which of the following roles is considered a knowledge worker?
What should companies do to prepare for future technological changes?
What should companies do to prepare for future technological changes?
Which of these is an example of how data can be processed to provide information?
Which of these is an example of how data can be processed to provide information?
What is one of the top skills businesses will prioritize for 2027?
What is one of the top skills businesses will prioritize for 2027?
Which argument reflects a common misconception about technology's future?
Which argument reflects a common misconception about technology's future?
What key aspect should organizations focus on regarding data management?
What key aspect should organizations focus on regarding data management?
How can companies leverage new data combinations effectively?
How can companies leverage new data combinations effectively?
Which prediction about computers was proven incorrect?
Which prediction about computers was proven incorrect?
Which type of storage device is typically used for long-term data storage?
Which type of storage device is typically used for long-term data storage?
What is the maximum storage capacity of a standard DVD?
What is the maximum storage capacity of a standard DVD?
What type of expansion card is designed to enhance a computer's graphics capabilities?
What type of expansion card is designed to enhance a computer's graphics capabilities?
Which of these is considered a type of non-volatile storage?
Which of these is considered a type of non-volatile storage?
How many bytes are typically needed to store a complete version of Shakespeare's works?
How many bytes are typically needed to store a complete version of Shakespeare's works?
Which of the following describes an embedded system?
Which of the following describes an embedded system?
What is a common storage capacity range for USB flash storage devices?
What is a common storage capacity range for USB flash storage devices?
Which programming concept is represented by a series of step-by-step instructions for a task?
Which programming concept is represented by a series of step-by-step instructions for a task?
What distinguishes high-level programming languages from low-level languages?
What distinguishes high-level programming languages from low-level languages?
What is a characteristic of optical storage devices compared to block storage devices?
What is a characteristic of optical storage devices compared to block storage devices?
Which of the following statements regarding mobile devices is incorrect?
Which of the following statements regarding mobile devices is incorrect?
What function does a USB 3.0 expansion card serve?
What function does a USB 3.0 expansion card serve?
How much data can be stored in a single terabyte?
How much data can be stored in a single terabyte?
What is the primary purpose of performing a hardware upgrade on a computer?
What is the primary purpose of performing a hardware upgrade on a computer?
What is the primary purpose of an expert system in medicine?
What is the primary purpose of an expert system in medicine?
Which component is NOT one of the essential parts of an Information System?
Which component is NOT one of the essential parts of an Information System?
What characterizes a Transaction Processing System (TPS)?
What characterizes a Transaction Processing System (TPS)?
Which statement about Management Information Systems (MIS) is accurate?
Which statement about Management Information Systems (MIS) is accurate?
What role do feedback mechanisms play in a system?
What role do feedback mechanisms play in a system?
What is a Decision Support System (DSS) primarily used for?
What is a Decision Support System (DSS) primarily used for?
What distinguishes 'Data' from 'Information'?
What distinguishes 'Data' from 'Information'?
Why are Transaction Processing Systems critical for businesses?
Why are Transaction Processing Systems critical for businesses?
What does the acronym DIKAR stand for in the context of information systems?
What does the acronym DIKAR stand for in the context of information systems?
Which component connects computers to create effective networks?
Which component connects computers to create effective networks?
What is the main function of procedures in Information Systems?
What is the main function of procedures in Information Systems?
What defines a system in general terms?
What defines a system in general terms?
Which characteristic is NOT typical of a system?
Which characteristic is NOT typical of a system?
What key feature differentiates software from hardware?
What key feature differentiates software from hardware?
What is the primary purpose of Executive Support Systems (ESS)?
What is the primary purpose of Executive Support Systems (ESS)?
Which of the following best describes the role of a knowledge management system?
Which of the following best describes the role of a knowledge management system?
What type of systems produce information needed by other organizational systems?
What type of systems produce information needed by other organizational systems?
Which system is primarily focused on enhancing competitive advantage through products and services?
Which system is primarily focused on enhancing competitive advantage through products and services?
What does Information Management (IM) primarily aim to achieve in an organization?
What does Information Management (IM) primarily aim to achieve in an organization?
What type of memory is responsible for storing intermediate results during processing in a CPU?
What type of memory is responsible for storing intermediate results during processing in a CPU?
Which statement best describes the Control Unit (CU) of the CPU?
Which statement best describes the Control Unit (CU) of the CPU?
What is the function of output devices in a computer system?
What is the function of output devices in a computer system?
Which processing speed measurement equals one operation per second?
Which processing speed measurement equals one operation per second?
Which of the following systems is focused on providing expert advice within a specific domain?
Which of the following systems is focused on providing expert advice within a specific domain?
Which type of memory is used to store data in a permanent manner?
Which type of memory is used to store data in a permanent manner?
What is the advantage of integrating various information systems within an organization?
What is the advantage of integrating various information systems within an organization?
What is the primary role of the Arithmetic and Logic Unit (ALU) in a CPU?
What is the primary role of the Arithmetic and Logic Unit (ALU) in a CPU?
Which of the following is NOT a type of primary memory?
Which of the following is NOT a type of primary memory?
What concept describes the transformation of old technologies impacting the adoption of new technologies?
What concept describes the transformation of old technologies impacting the adoption of new technologies?
Which model emphasizes the hierarchy of understanding from data to wisdom?
Which model emphasizes the hierarchy of understanding from data to wisdom?
Which of the following is NOT a core component of an Information System?
Which of the following is NOT a core component of an Information System?
What type of system primarily supports decision-making processes?
What type of system primarily supports decision-making processes?
Which characteristic does NOT typically define a good quality information?
Which characteristic does NOT typically define a good quality information?
What is one of the main characteristics of cloud computing?
What is one of the main characteristics of cloud computing?
Which of the following accurately describes Porter's 5 Forces?
Which of the following accurately describes Porter's 5 Forces?
What is a primary concern associated with e-commerce?
What is a primary concern associated with e-commerce?
In the context of data analytics, what distinguishes big data from smart data?
In the context of data analytics, what distinguishes big data from smart data?
Which of the following is NOT part of the systems development phases?
Which of the following is NOT part of the systems development phases?
Flashcards
Immateriality of Digital Products
Immateriality of Digital Products
Digital products exist as ones and zeros, making them intangible and essentially weightless. They can be easily copied and distributed.
Digital Product Replication Cost
Digital Product Replication Cost
Creating a digital product can be expensive, but once created, replicating and distributing it costs almost nothing.
Borderless Nature of Digital Products
Borderless Nature of Digital Products
Digital products have no physical boundaries. They can be accessed and shared across geographical borders instantly.
Indestructibility of Digital Products
Indestructibility of Digital Products
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Public Good of Digital Products
Public Good of Digital Products
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Knowledge Worker Productivity
Knowledge Worker Productivity
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Lifelong Learning
Lifelong Learning
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Creative Destruction (Schumpeter)
Creative Destruction (Schumpeter)
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Creative Destruction
Creative Destruction
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Disruptive Technology
Disruptive Technology
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Computerization of Jobs
Computerization of Jobs
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Data
Data
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Information
Information
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Knowledge
Knowledge
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Knowledge Workers
Knowledge Workers
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Business Process
Business Process
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Information Quality
Information Quality
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Communication (Information Use)
Communication (Information Use)
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Support Business Processes (Information Use)
Support Business Processes (Information Use)
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Decision-Making (Information Use)
Decision-Making (Information Use)
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Processing Data
Processing Data
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New Market Niches
New Market Niches
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Product and Process Improvement
Product and Process Improvement
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Expert Systems
Expert Systems
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ONCOLOG System
ONCOLOG System
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DIKAR Model
DIKAR Model
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Information Technology (IT)
Information Technology (IT)
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System
System
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System Boundary
System Boundary
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System Environment
System Environment
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Information System (IS)
Information System (IS)
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Input
Input
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Processing
Processing
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Output
Output
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Feedback
Feedback
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Transaction Processing System (TPS)
Transaction Processing System (TPS)
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Management Information System (MIS)
Management Information System (MIS)
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Decision Support System (DSS)
Decision Support System (DSS)
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Secondary Storage
Secondary Storage
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Hard Disk
Hard Disk
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Optical Storage
Optical Storage
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Flash Storage
Flash Storage
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Expansion Card
Expansion Card
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Graphics Card
Graphics Card
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Sound Card
Sound Card
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Network Card
Network Card
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Hardware Upgrade
Hardware Upgrade
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Embedded System
Embedded System
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Mobile Hardware
Mobile Hardware
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Smartphone
Smartphone
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Tablet
Tablet
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Executive Support Systems (ESS)
Executive Support Systems (ESS)
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Relationship of Information Systems
Relationship of Information Systems
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Expert Systems (ES)
Expert Systems (ES)
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Knowledge Management Systems
Knowledge Management Systems
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Strategic Information Systems
Strategic Information Systems
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Functional Business Systems
Functional Business Systems
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Information Management (IM)
Information Management (IM)
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Purpose of Information Management
Purpose of Information Management
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An Information Management Strategy
An Information Management Strategy
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Central Processing Unit (CPU)
Central Processing Unit (CPU)
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Arithmetic and Logic Unit (ALU)
Arithmetic and Logic Unit (ALU)
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Control Unit (CU)
Control Unit (CU)
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Registers
Registers
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Processor Speed
Processor Speed
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Bus
Bus
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Output Unit
Output Unit
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Memory
Memory
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Primary Memory
Primary Memory
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Secondary Memory
Secondary Memory
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Moore's Law
Moore's Law
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Metcalfe's Law
Metcalfe's Law
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Knowledge Types
Knowledge Types
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Database Management Systems (DBMSs)
Database Management Systems (DBMSs)
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Cloud Computing
Cloud Computing
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Public Cloud
Public Cloud
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Private Cloud
Private Cloud
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Hybrid Cloud
Hybrid Cloud
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e-Commerce
e-Commerce
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Study Notes
Characteristics of Digital Products
- Immateriality: Essentially 1s and 0s
- Expensive to produce, close to zero cost to replicate
- Borderless
- Indestructible
- Public Good: Use by one doesn't reduce availability to others
Information and Communication Technology (ICT)
- ICT is a key enabler of socioeconomic progress and development
- Enhances productivity and economic growth, reduces poverty, and improves living standards
- Revolutionizes production, market access, information sources, and social interactions
The Information Society
- Drucker emphasizes the increased productivity of knowledge work and knowledge workers in the 21st century, similar to the 20th century's increase in manual worker productivity.
- Learning is a lifelong process of adapting to change.
- Knowledge must be constantly improved, challenged, and expanded to remain valuable.
- Knowledge today controls access to opportunity and advancement.
Creative Destruction
- Schumpeter's "gale of creative destruction" describes the process of industrial mutation, incessantly revolutionizing the economic structure.
- Example: Cassette tapes replaced 8-track tapes, then compact discs, then downloads, now streaming services
- Companies failing to adapt to new technologies may struggle.
Disruptive Technology: Famous Incorrect Predictions
- Examples of predictions about the future of technology that turned out to be wrong.
- Locomotives travelling twice as fast as stagecoaches
- Horses outlasting cars
- Inability to transmit voice over wires
- Limited market for computers
Growth and Jobs
- Algorithm appointed to a board highlights the change of industries by the internet.
- Industries that have been destroyed and created in the last 10 years. Note: More SIM cards than people.
- Language barriers reduced by instant translation.
"New" Jobs
- Jobs that didn't exist a decade ago:
- Driverless car engineer
- Social Media Influencer
- Blockchain Analyst
- Cloud Service Specialist
- Podcast Producer
- Telemedicine Physician
- Cloud Architect
- Uber Driver
- Drone Operator
- Chief Listening Officer
- Big Data Scientist
- Contact Tracer
Businesses' Top 10 Skill Priorities for 2027
- Source for data on future-proof skills. (Note: This is missing specific details from the original text.)
Data, Information, Knowledge
- Data: Raw facts and figures
- Information: Processed data in context, giving it meaning
- Knowledge: Understanding of rules needed to correctly interpret information.
- DIKAR Model: Data -> Information -> Knowledge -> Action -> Results
What is a System?
- A system is a set of interacting elements working towards a goal.
- Systems take inputs, transform them, and produce outputs.
- Systems are separate from their environment.
- Systems include subsystems.
- Systems use feedback to control themselves.
Definition of Information Systems
- A set of elements that collects, manipulates, disseminates data and information and provides feedback to meet an objective.
- Often a department responsible for computers, networking, and data management.
Components of Information Systems
- Hardware: Physical devices (monitors, processors, printers)
- Software: Computer programs and manuals
- People: Users and managers. (Most important)
- Telecommunications/Networks: Enabling communication, linking computer systems
- Data: Facts used for information.
- Procedures: Strategies, policies, methods, and rules
Types of Information Systems
- Transaction Processing Systems (TPS): Collects, stores, modifies and retrieves transaction data. Critical for daily operations (sales orders, payroll, shipping).
- Management Information Systems (MIS): Uses TPS data to create reports for routine business decisions.
- Decision Support Systems (DSS): Helps decision makers use data, communications, and models to solve problems.
- Executive Support Systems (ESS): Supports senior management with non-routine decision making using internal and external data.
Relationship of Systems to One Another
- TPS are the main source of information for others.
- Integrating these systems improves organizational performance.
Other Classifications of Information Systems
- Expert systems: Knowledge-based systems for expert advice.
- Knowledge management systems: Support knowledge creation and usage.
- Strategic information systems: Provide competitive advantage.
- Functional business systems: Support basic business functions.
Benefits of Information Systems
- Businesses gather, store, manipulate, retrieve, and communicate information efficiently.
- Enforces business rules.
Information Management (IM)
- IM is the collection, management, and distribution of information.
- Aims to deliver the right information to the right people at the right time.
- Involves people, policies, technology, and data/information.
- Supports effective operation
Information Management Strategy
- Supports competitive and strategic operations.
- Improves the ability to respond to environmental changes.
- Promotes internal and external communication.
- Can reduce costs through automation.
Processor Speed
- Measured in Hertz (number of operations per second).
- Typical CPU clock speeds range from 1 GHz to 5 GHz. Note: Upcoming 15th Gen Intel Processors will likely surpass 6 GHz.
Flow of Information
- Bus: A communication system for transferring data between computer components.
Output Unit
- Output devices (monitors, printers, etc.) convert output into human-readable format.
Memory
- Primary memory (RAM, cache, ROM) for storage during processing.
- Secondary memory for long-term storage (hard disks, CDs, DVDs, USBs, SSDs)
Storage
- Storage capacity of various information objects, from characters to entire libraries.
Storage Devices
- Block, Optical, and Flash Storage Devices
- Hard disks, CDs, DVDs, USB sticks, flash cards, SSDs.
Peripherals
- Expansion cards (graphics, sound, network cards)
- Additional expansion cards, including those for graphics, sound, and network functionality
Hardware Upgrades
- Adding new hardware to improve performance, capacity, or features.
Embedded Systems
- Computer hardware with embedded software.
- Designed to perform specific tasks. (Examples: fire alarms, appliances)
Mobile Hardware
- Provides efficiency on the move.
- Wireless devices (mobile phones, tablets).
Mobile Devices
- Smartphones, tablets, laptops, smartwatches are examples.
Computer Software
- Consists of data, instructions (to act on data).
- Software and hardware rely on each other.
Levels of Abstraction
- Algorithms (step-by-step instructions).
- High-level programming languages (closer to human language).
- Low-level programming languages (machine code).
Programming Languages
- Artificial languages designed to communicate instructions to computers.
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Description
Explore the defining characteristics of digital products and their impact on the information society. Understand how information and communication technology serves as a catalyst for socioeconomic development, enhancing productivity and access to opportunities. Delve into the concepts of creative destruction and the importance of continual knowledge advancement in today's economy.